Week Ending: January 18th - A Roundup in I.T. & Tech News

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This week’s I.T. and technology roundup takes a look at some acquisition news from one of our partners; the overwhelming cost of the average cyberattack, and why banks may just have been shocked into taking their I.T. more seriously.

Check Point acquires ForceNock Security

Claritas partner, Check Point, has acquired the Israel-based ForceNock Security in order to strengthen its architecture with advanced machine learning protection capabilities.

ForceNock was only founded in 2017 but has gone on to do great things since, leading to its acquisition. One of these such things was the development of a web application and API technology which uses machine learning, behavioural and reputation-based security engines.

Dorit Dor, Check Point’s vice president of products commented: “The growing usage of platforms – cloud, network, mobile, endpoint and IoT – requires complete, simple-to-deploy and easy-to-use security technologies. Incorporating ForceNock’s technology into our Infinity architecture will enable us to continue to provide the highest level of security for our customers worldwide and strengthens our machine-learning protection capabilities.”

Read more about the acquisition here.

Cost of average cyberattack tops $1.6m (£1.3m)

Recent research has revealed that the average cost of a cyberattack last year was $1.6m (£1.3m), and despite the increase of awareness and investment, these attacks are rising.

The research, undertaken by a cybersecurity company, was based on calculations from companies which have suffered disruption through cyberattacks and found that data theft and service disruption were the primary aims of cyberattacks.

Needless to say, many businesses are still underprepared when it comes to cybersecurity and are without an emergency plan.

Learn more via ITProPortal.

I.T. failures at banks will now mean reductions to the bonuses of leaders

The Financial Conduct Authority (FCA) has announced that it will reduce the bonuses of bank leaders if I.T. failures at their banks affect customers. The bold announcement comes as there has been a stark rise in banking technology failures which have left customers frustrated.

Banks are currently in the process of replacing older systems and a report from the regulator found that between October 2017 and September 2018, some 600 technology outages were reported – a 138% increase on the previous year.

TSB was one name which made headline news last year as customers were locked out of their accounts with some able to see other customers’ accounts.

“If the entire bank, and not just I.T., is affected by problems by losing money, they will think differently in the future” commented one anonymous senior I.T. professional in the UK banking sector.

Do you think this is the right move in order to get banks to up their game when it comes to I.T.? Read more via ComputerWeekly.

Those were some of this week’s top stories but if you want more content, follow us across our four social media channels: